Equinox Gold Completes Sale of Solaris Shares
TSX: EQX
NYSE-A: EQX
Suite 1501 - 700 West Pender St., Vancouver, BC Canada V6C 1G8
[email protected] +1 604.558.0560 www.equinoxgold.com
NEWS RELEASE
Equinox Gold Completes Sale of Solaris Shares
April 28, 2021 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the
“Company”) is pleased to announce that the Company has completed its previously announced sale of ten
million shares of Solaris Resources Inc. (TSX: SLS), for gross proceeds to the Company of C$82.5 million. In
addition, Equinox Gold has granted the buyers warrants to purchase an additional five million Solaris shares from
the Company for a period of 12 months at C$10.00 per share, which if fully exercised would bring an additional
C$50.0 million in gross proceeds to the Company.
Equinox Gold Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: [email protected]
Cautionary Notes and Forward-Looking Statements
This news release contains certain forward- looking information and forward- looking statements within the meaning of applicable
securities legislation and may include future-oriented financial information. Forward-looking statements and forward-looking information
in this news release relate to the potential future proceeds to the Company from the exercise of the Company’s grant of Solaris warrants.
Forward-looking statements or information generally identified by the use of the words “ will”, “would ”, and similar expressions and
phrases or statements that certain actions, events or results “may”, “could ” or “should”, or the negative connotation of such terms, are
intended to identify forward-looking statements and information. Although the Company believes that the expectations reflected in such
forward-looking statements and information are reasonable, undue reliance should not be placed on forward- looking statements since
the Company can give no assurance that such expectations will prove to be correct. The Company has based these forward- looking
statements and information on the Company’s current expectations and projections about future events and these assumptions include:
prices for copper remaining as estimated; the strategic vision for Solaris and the ability of Solaris to successfully advance its projects; and
the warrant holders having sufficient funds to exercise their warrants. While the Company considers these assumptions to be reasonable
based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on
the forward-looking statements or information contained in this news release. The Company cautions that forward- looking statements
and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to
differ materially from those expressed or implied by such forward-looking statements and information contained in this news release and
the Company has made assumptions and estimates based on or related to many of these factors. Forward -looking statements and
information are designed to help readers understand management's views as of that time with respect to future events and speak only as
of the date they are made. Except as required by applicable law, the Company assumes no obligation to publicly announce the results of
any change to any forward-looking statement or information contained or incorporated by reference to reflect actual results, future events
or developments, changes in assumptions or changes in other factors affe cting the forward- looking statements and information. If the
Company updates any one or more forward- looking statements, no inference should be drawn that the Company will make additional
updates with respect to those or other forward -looking statements. A ll forward-looking statements and information contained in this
news release are expressly qualified in their entirety by this cautionary statement.